The export market for CIS-origin pig iron was quiet this week mainly because of the Easter holiday in Europe and the United States, Metal Bulletin has been told.
Suppliers were not active in the market due to the additional uncertainty in the scrap market.The only deal heard done in the US this week was when Russian steelmaker Tulachermet sold 35,000 tonnes of pig iron at $420 per tonne cfr. That was $10 per tonne higher than the booking price in mid-March.The producer increased its offer prices to Western Europe to $415 per tonne fob Baltic Sea, up by $5 per tonne from prices last week. But buyers in Western Europe estimated the market price at...